UK Regulator Launches Enforcement Action Against HTX Over Illegal Financial Promotions

In brief

• The FCA has begun legal proceedings against HTX, stating that the crypto exchange was not complying with rules that protect consumers from unfair and misleading marketing.
• HTX’s accounts are now blocked for UK users on several social media platforms.
• The regulator is preparing to take on a larger role in the regulation of crypto asset providers in the country.